Governing the ungovernable: Why cybersecurity must adapt to identity sprawl
You may remember the Colonial Pipeline ransomware attack. Launched in May of last year, DarkSide’s attack cost the Colonial Pipeline Company something on the order of $4.4 million dollars (though the FBI was able to claw some of that money back). The attack set the stage for President Biden’s Executive Order on cybersecurity, shut down pipeline production, and caused panic buying across the Southeast.
That’s how the Colonial Pipeline attack ended. It began far more simply: with hackers breaching the company’s networks through a virtual private network (VPN) account that was no longer actively in use.
Effective Contract Lifecycle Management (CLM) requires innovative, adaptable and knowledgeable solutions
As companies work to beat out the competition, taking a deeper look into contract management can be a driving force of success. When contracts accidentally expire or key milestones are missed, it can severely handicap business. Effective contract management improves workflow efficiency and leads to a more progressive and well-functioning organization.
Contract Lifecycle Management (CLM) is one of the fastest-growing and important innovations in business today. Spurred by the digital revolution advancing across virtually every key business sector, the CLM market is expected to grow over 13 percent annually for the next decade. But what is it, and why is it such an essential tool for businesses to utilize?
Reacting with confidence to a new Trojan horse cyber threat
It’s the sophisticated technology that enables the virtual assistant on your kitchen counter, the recommendation engines on your favorite streaming services, and so much more -- and there’s new evidence hackers can use it as a Trojan horse to deliver malware. Because this technology is increasingly embedded not just in your movie nights, but critical industries from healthcare to energy and banking, its newly understood vulnerability is grave news.
But do we tear it out by its roots? Isolate it? No. Artificial intelligence is too important for that -- particularly, ironically enough, in cybersecurity defense. We have no choice but to confront the Trojan horse gambit and block it.
6 IoT trends for 2022
The Internet of Things (IoT) has seen incredible growth in a relatively short period. Despite being fairly new, smart devices are everywhere in commercial and consumer circles, and they show no signs of stopping.
While the IoT’s growth may remain unchanged in 2022, it will shift and evolve. Here are six trends that will shape the IoT this year.
Five pointers for choosing a Threat Intelligence Platform: What to look for in a TIP
As 2022 gets under way and the new financial year looms, many companies are starting to identify the key strategic focus areas for the year ahead and the technology investments needed to deliver them. Given the aggressive cyber threat environment experienced over the past 18 months, cybersecurity investment is high on the list for many. Increasingly, organizations are building out their own Security Operations Centre (SOC), incident response capabilities and threat intelligence teams, as they aim to meet risk management and compliance demands and proactively defend the business.
However, building a SOC unleashes a deluge of data from disparate sources which often overwhelms in-house teams and prevents the SOC from functioning effectively. The solution -- one which is on many 2022 shopping lists right now -- is a Threat Intelligence Platform.
Power in people: How human capital will determine tech success
According to the Economist, one of the most significant outcomes of the pandemic will be "the infusion of data-enabled services into ever more aspects of life." We were already expecting a transition to digital transformation thanks to technological advancement, dubbed the "fourth industrial revolution".
However, following on from the pandemic which forced countless businesses to switch to remote working virtually overnight, we expect digital transformation to continue to be adopted on a larger and more rapid scale -- becoming an even more prominent objective for organizations in the future.
Implementing Zero Trust? Prioritize people as much as tech
The trust model of cybersecurity is broken. Since the shift to cloud and the move away from siloed on premise infrastructure, IT environments have grown ever more complex, expanding in both size and variety of components.
Trust is permissible when a small team of engineers is accessing on premise infrastructure. However, in the modern hybrid systems employed by many businesses, trusting the multitude of end points and variables to manually adhere to all authentication measures and preventative procedures is risky. We all know that just one phishing email is enough to potentially lead to a critical data breach. Such incidents can be incredibly damaging for a business: IBM estimated that this year data breaches cost businesses an average of $4.24 million -- a 17 year high.
How to transform the role of a CISO for the digital-first economy
With any business venture, all organizations aim to minimize downside risks and maximize upside opportunities at some basic level. With the rapid transition to digital-first technologies, organizations are offering new products to improve customer experiences by delivering the value proposition of any time, any place. But with convenience often comes risk.
For instance, restaurants and retailers are enabling GPS data using third-party applications through API integrations to power location-based services. These applications elevate the user experience and maximize business profits through customized sales offers and personalized customer service experiences. But at what cost?
Complying with the DoJ's Civil Cyber-Fraud Initiative
Under the Department of Justice’s (DoJ) new Civil Cyber-Fraud Initiative, government contractors will be under enhanced accountability for implementing cybersecurity measures and reporting breaches and incidents. The DoJ’s unveiling of the initiative comes in response to criticism of current department security protocols, which have often wavered across the board and permitted cybersecurity-related fraud through a lack of enforcement.
The Civil Cyber-Fraud Initiative will both focus on standardizing cybersecurity procedures for government contractors to follow and curbing cybersecurity-related fraud where companies fail to report cyber incidents.
Rebalancing the cybersecurity equation to mitigate ransomware risks
With the average cost of a data breach now at $4.2 million, growing cyber threats like ransomware and the hybrid workforce have organizations worldwide looking to mitigate risk at every layer of the organization.
Securing your organization is like balancing an equation: people + skills + technology = security. Where many security strategies fall short is having an unbalanced equation.
Why breach-likelihood will be a game-changer for mandating cyber insurance
According to a Cybersecurity Ventures report, 2021 was predicted to have one cyberattack every 11 seconds and the cumulative cost to repair these post cyber incidents will soar to over $6 trillion in 2022.
As the digital business ecosystem expanded and the attack surface grew in tandem, cybersecurity investments have remained products and services driven. However, this approach only allows enterprises to accept or improve their cyber risk posture. Now, as the costs to manage and mitigate cyber risks rise – the average ransom demand increased by 170 percent from 2020-2021 -- businesses are seeking to 'transfer' their cyber risks through insurance. Last year alone, cyber insurance claim frequency increased by 46 percent for IT services, 53 percent for professional services, and 263 for the industrial industry, according to a report by Coalition.
What can the IT industry expect this year? More of the same -- change
As the age-old saying goes: Change is the only constant in life. The same is particularly true for the IT industry. New technologies birth newer technologies and the cycle of exploration, innovation, and mastery continues on repeat. In my opinion, it’s one of the many perks of working in IT. Variety is the spice of life, to quote another cliche.
The last two years have been, let’s just say, especially spicy -- with all sorts of unexpected challenges and advancements. The year ahead is sure to bring about more of the same. While hindsight may be 20/20 when it comes to 2020 (and 2021), the trick for IT professionals, and the organizations that employ them, will be trying to stay ahead of the ever-changing curve in 2022.
Digital transformation: Recovering the meaning behind an overstated concept
The phrase 'digital transformation,' or DX, in short, is thrown around at an alarming level in the promotional and marketing materials of large tech companies and consultancies. But what does digital transformation really mean?
Digital transformation in today’s tech world is a buzzword, fashionable jargon that’s often thrown around without seeing any real value or understanding. The term assumes that everyone who creates something new is innovative, but that simply isn’t the case. Many industries have turned to modern tech to rejuvenate or enhance their business solutions. But, that doesn’t mean they’re undergoing a digital transformation. The wording and ideologies used to describe digital transformation have caused the term to be lost in translation. How do we recover the meaning behind an often overstated concept?
5 data warehouse myths that hold development back
Businesses now live and die by data. From managing resources and analyzing performance to hyper-targeted marketing and behavioral analytics, data has become essential to the way companies operate. The demand for data has never been higher -- and it’s only increasing.
This pressure passes directly onto the people who help meet this demand. Data warehouse (DW) and analytics professionals are having to develop new data sets and produce insights at a record pace, all whilst keeping costs down. It’s clear DW acceleration is critical and this is acknowledged across the industry: according to WhereScape and TDWI’s research published this year, 63 percent of data warehouse professionals consider DW acceleration extremely important.
Maintaining migration success: Pre-migration tips for moving Teams data
As our world grows increasingly digital, the importance of an effective virtual workplace becomes a greater priority for businesses everywhere. With many companies relying on remote workforces, tools like Microsoft Teams have become critical to enabling collaboration and engagement among remote employees. As a result, Teams adoption has skyrocketed. In July 2021, Microsoft reported 250 million monthly active users on Teams.
As corporations continue to leverage cloud-based solutions to enable remote work, the need to keep their digital environments secure and organized remains vital.
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